The Cabinet of Ministers has approved the draft state budget for 2025. The dollar is expected to rise next year. This is stated in the draft state budget, Komersant ukrainskyi
reports
According to the Ministry, the hryvnia exchange rate against the US dollar will average 45 hryvnias over the period. While the forecast for this year is 40.8 hryvnias.
The average monthly salary may reach UAH 24,389, whereas this year it is UAH 20,581.
Social standards, including the minimum wage and the subsistence level, remain at the level of December 2024. The budget also envisages a new model for managing public investment projects with a plan to allocate UAH 25 billion in 2025.
Inflation is projected at 9.5%. GDP growth is expected to be less than this year’s 2.7%. The need for external financing is $38.4 billion.
Key indicators
The economic indicators are listed in the article on the draft State Budget of Ukraine for 2025:
- General fund revenues (without official transfers and grants): uAH 2007.4bn.
- General fund expenditures: uAH 3643.6 billion.
- Financial resources for the security and defence sector: uAH 2223 billion (26.3% of GDP).
- Support for socially vulnerable citizens: uAH 419.2 billion (Pension Fund: uAH 237.9 billion, Assistance to low-income families and people in difficult life circumstances: uAH 127.9 billion. Payment of benefits and subsidies: uAH 42.3 billion).
- Healthcare: uAH 210.7 billion.
- Education: UAH 169.3 billion.
- Culture and information space: uAH 9.6 billion.
- Digital transformation: 4.0 billion UAH.
- Scientific research: uAH 14.0 billion.
- Entrepreneurship Development Fund: uAH 18 billion (soft loans under the 5-7-9% programme).
- Grants for business: uAH 1.4 billion.
- Support for regions: uAH 12.2 billion (subvention to compensate for the difference in tariffs).
- Provision of housing for citizens: uAH 9.4 billion.
- Humanitarian land demining: uAH 1 billion.
- State Fund for Decarbonisation and Energy Efficiency Transformation: uAH 1.75 billion.
- Subsidies to local budgets: uAH 51.2 billion.
- Reserve fund: uAH 43.9 billion.
- External borrowings: uAH 1658.4 billion.
- Domestic borrowings: uAH 579.2 billion.
- State budget deficit: 19.4% of GDP.
The forecast for the financing of the State Budget for 2025 envisages a reduction of the state budget deficit to 19.4% of GDP (20.6% in the current law on the State Budget for 2024), which is in line with the targets agreed with international partners.
Public borrowings from the general fund are planned to amount to UAH 2237.6 billion, including UAH 579.2 billion of domestic borrowings and UAH 1658.4 billion of external borrowings.